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Larned Corporation recorded the following transactions for the just completed month. a. $77,000 in raw materials were purchased on account. b. $75,000 in raw materials
Larned Corporation recorded the following transactions for the just completed month. a. $77,000 in raw materials were purchased on account. b. $75,000 in raw materials were used in production. Of this amount, $65,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $117,500 were paid in cash. Of this amount, $103,500 was for direct labor and the remainder was for indirect labor. d. Depreciation of $191,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" the first account field.) View transaction list Journal entry worksheet < 2 3 4 $77,000 in raw materials were purchased on account. < Prev 6 of 11 Next > Journal entry worksheet < 1 2 3 4 $77,000 in raw materials were purchased on account. Note: Enter debits before credits, Transaction General Journal Debit Credit Record entry Clear entry View general journal < Previ 6 of 11 Next > Journal entry worksheet < 1 2 3 $75,000 in raw materials were used in production. Of this amount, $65,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal < Prev 6 of 11 Next > Journal entry worksheet < 1 2 3 4 Total labor wages of $117,500 were paid in cash. Of this amount, $103,500 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal ournal entry worksheet 1 2 3 4 Depreciation of $191,000 was incurred on factory equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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